India keeps lending rates unchanged
India’s central bank left its lending rate unchanged, though it warned that the recent surge in Covid-19 cases in the country could weigh on the domestic growth outlook.
The “monetary policy committee voted unanimously to leave the policy rate unchanged,” Reserve Bank of India Gov. Shaktikanta Das said Wednesday, adding that the central bank will continue to have an accommodative policy stance to support growth.
With the policy rates unchanged, the key repo rate stands at 4.00% and the reverse repo at 3.35%.
Write to P.R.